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E
Financial
E.1
Operational review
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124
Worldline
E.1.3.4
A detailed review of Worldline full year 2016 results can be found at worldline.com, in the “Investors” section.
(In € million)
2016
2015*
%organic
Revenue
1,261
1,216
+3.7%
Operating margin
196.9
173.4
Operating margin rate
15.6% 14.3%
At constant scope and exchange rates.
*
significant contracts in Mobility & e-Transactional Services:
€ 1,261 million, improving by +3.7% at constant scope and
a standalone basis, revenue reached € 1,309 million, up +3.5%
exchange rates, representing 10.8% of the Group revenues. On
Merchant Services & Terminals and Financial Processing &
on a like-for-like basis. Increased transactions volumes within
compensated for the negative impact of the end of two
Software Licensing Global Business Lines more than
From a contributive perspective to Atos, Worldline
revenue
was
Commercial Acquiring transactions, as well as a better pricing
domestic and international markets, and increased volumes in
mix. Both achieved a healthy double digit growth rate;
Merchant Services & Terminals Business Line growth was
•
supported by increased Payment Terminals sales in both
sold in Europe and in Asia;
Financial Processing & Software Licensing expanded thanks to
•
Processing, notably in France and in India, increased revenues
the continued transactions volumes growth in Acquiring
the Issuing Processing business, and a strong level of licenses
from Authentification, Credit card and Fraud services within
June 2016 in France.
third quarter of 2015, and the Radars contract ended in
with the VOSA contract termination in the UK ended in the
France and Germany. E-Ticketing activities were also
several new contracts signed and projects ramp-up mainly in
companies in the UK and higher activity in Argentina. In the
dynamic, with increased project delivery with railways
collection services volumes in Latin America increased, as well
e-government collection business line, healthcare and tax
government agencies, while the Business Unit had to cope
as more project work with the French and European
generated in e-Consumer & Mobility activities thanks to
in Mobility & e-Transactional Services, double digit growth was
•
WORLDLINE REVENUE PROFILE BY GEOGRAPHY
France
32%
Benelux
30%
Germany & CEE
9%
Other countries
13%
Asia & India
6%
United-Kingdom
9%
exercised effective cost control over the new Equens-Worldline
Business Line continued to invest in security infrastructure and
almost offsetting the two terminated contracts was generated
perimeter. Mobility & e-Transactional Services new business
with a lower operating margin.
improvement in the UK on private label cards contracts.
margin of Financial Processing & Software Licensing while the
Increasing volumes in card processing supported the operating
improvement was recorded mainly in the Merchant Services &
Operating
margin was € 196.9 million
, up +130bp. This
favorable pricing mix mainly in Belgium as well as a margin
Terminals Business Line, thanks to growing volumes and